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Working Man's Escrow
Someone suggested this method to me the other day. It seems like a logical solution to all the rip-offs we see online.
Buyer and seller agree on a price.
The buyer emails the funds via interac, but does not give the password that is required to finalize the transfer. (This email cannot go out from the buyer's bank unless the funds are present in the account)
The seller and the buyer meet in a public place for 'hand-off'. If the buyer is happy with the car he can disclose the password to the seller.
The seller can then use his phone to accept the funds and he will get confirmation from his bank that the funds are received. The email takes only a few minutes.
The seller can then sign over the title and hand the keys over.
I think it's a cheap practical alternative to lawyers.
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"A machine you build yourself is a vote for a different way of life. There are things you have to earn with your hands."
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